Pudgy Penguins Price Outlook: Will It Surge to New Heights in December?

The Pudgy Penguins (PENGU) price experienced a notable drop, falling 12% to $0.0097 and struggling since then. This decline aligns with the broader weakness seen across other memecoins. However, recent developments, including Bitnomial’s regulated spot exchange launch and Bitso’s expansion into Latin America on-chain products, have created intriguing possibilities for PENGU’s future this month. 📈 The price has been largely driven by sentiment, with the market reacting to rejection near $0.011 and a subsequent dip in derivatives volume as $6.5M in positions were closed out. Despite this, several key developments could shape its trajectory this December.